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Dynamic pivotal politics

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dc.affiliation.dptoUC3M. Departamento de Economíaes
dc.contributor.authorDziuda, Wioletta
dc.contributor.authorLoeper, Antoine
dc.contributor.funderMinisterio de Economía y Competitividad (España)es
dc.contributor.funderComunidad de Madrides
dc.date.accessioned2022-05-31T16:23:41Z
dc.date.available2022-05-31T16:23:41Z
dc.date.issued2018-08-01
dc.description.abstractWe analyze a dynamic extension of a parsimonious model of lawmaking in which preferences evolve over time and today’s policy becomes tomorrow’s status quo. Unlike in existing models of pivotal politics, policy makers’ voting behavior depends on the institutional environment and on their expectations about future economic and political shocks. Relative to sincere voting, the equilibrium behavior exhibits a strategic polarization effect, which increases with the degree of consensus required by the institution, the volatility of the policy environment, and the expected ideological polarization of the future policy makers. The equilibrium behavior also exhibits a strategic policy bias, which works against any exogenous policy bias embedded in the voting rule. Our analysis implies that the existing literature underestimates the inertial effect of checks and balances and overestimates the impact of institutional biases such as fiscally conservative budget procedures.en
dc.description.sponsorshipLoeper gratefully acknowledges support from the Ministerio Economía y Competitividad (Spain), Grants No. RYC-2015-18326, No. ECO 2013-42710-P, No. MDM 2014-0431, and Comunidad de Madrid, MadEco-CM (S2015/HUM-3444)en
dc.identifier.bibliographicCitationDziuda, W., & Loeper, A. (2018). Dynamic Pivotal Politics. En American Political Science Review, 112 (3), pp. 580-601es
dc.identifier.doihttps://doi.org/10.1017/S0003055418000187
dc.identifier.issn0003-0554
dc.identifier.publicationfirstpage580es
dc.identifier.publicationissue3es
dc.identifier.publicationlastpage601es
dc.identifier.publicationtitleAMERICAN POLITICAL SCIENCE REVIEWen
dc.identifier.publicationvolume112es
dc.identifier.urihttps://hdl.handle.net/10016/34950
dc.identifier.uxxiAR/0000021770
dc.language.isoengen
dc.publisherCambridge University Pressen
dc.relation.projectIDGobierno de España. ECO2013-42710-Pes
dc.relation.projectIDGobierno de España. RYC-2015-18326es
dc.relation.projectIDGobierno de España. MDM 2014-0431es
dc.relation.projectIDComunidad de Madrid. S2015/HUM-3444es
dc.rights© American Political Science Association 2018en
dc.rightsAtribución-NoComercial-SinDerivadas 3.0 España*
dc.rights.accessRightsopen accessen
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/es/*
dc.subject.ecienciaEconomíaes
dc.titleDynamic pivotal politicsen
dc.typeresearch article*
dc.type.hasVersionAM*
dspace.entity.typePublication
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